In This Issue
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- I share my thoughts on the state of the market, Apecoin, protocol Bitcoin reserves & could DeFi coins be ready to run again?
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on Elrond NFTs.
- Defi Dad has a tutorial for you on how to earn up to 24% APY with stablecoins on Stargate Finance.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Things can move very fast once we break over resistance for Bitcoin. We can very quickly see meme coins, defi, gaming, metaverse, layer ones, all pumping in cycles. But most of these coins are still down 90%. There is no rush in my opinion to jump into positions until we confirm a reversal. While I continue adding to my Bitcoin position, and even a bit of ETH this week, I am holding off on adding to most altcoins right now, with a few exceptions like JOE. Bitcoin has at this time failed to give us a strong direction for the market while it continues to basically move sideways. A break over $45,500 or under $34,000 will give us a good indication for the trend. Until then, chilling.
<h3 id="apecoin “>Apecoin
At long last Bored Ape holders have got Apecoin, an airdrop which was worth $170,000 at the recent price high. That figure is for EACH Bored Ape held. Holders of Mutant Apes and Kennel Club also got paid. WTF is this insanity? Airdrops continue to make wild sums of money!!! My guess is that APE will be a very popular and volatile coin, that will “likely” trend higher when NFTs are trending. Which gives a highly liquid way to get NFT price exposure. That being said, I am not currently interested in buying it.
As well as all of the excitement around the highly lucrative airdrop for Bored Ape holders Yuga Labs has also teased a game called Otherside that shows top NFT collections being used such as Bored Apes, Mutant Apes, Crypto Punks, Meebits, World of Women, and Cool Cats. Seems that these top collections will be getting some love from Yuga as well.
<h3 id="protocol-bitcoin-reserves“>Protocol Bitcoin Reserves
The Terra protocol has announced that they will acquire up to 10 billion dollars worth of Bitcoin. This has led me to wonder if this could be the start of a new bullish impulse for Bitcoin, and therefore the entire crypto space much like when we saw Microstrategy buy Bitcoin in 2020. While Terra is the only one to announce such a move so far, it is incredibly significant that they are leading the way. If you combine the Tesla (1.5…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
